NOTE 12 - Deposits

At December 31, 2012, the scheduled maturities of certificates of deposit (excluding Alaska CD’s, which do not have scheduled maturities) are as follows:



(In Thousands)
2013	$	67,720
2014		15,275
2015		9,151
2016		132
2017		414
Thereafter		4
Total	$	92,696

The Company is a member of the Certificate of Deposit Account Registry System (“CDARS”) which is a network of over 3,000 banks throughout the United States. The CDARS system was founded in 2003 and allows participating banks to exchange FDIC insurance coverage so that 100% of the balance of their customers’ certificates of deposit are fully subject to FDIC insurance. The system also allows for investment of banks’ own investment dollars in the form of domestic certificates of deposit. The Company had $155,000 and $250,000 in CDARS certificates of deposits at December 31, 2012 and 2011, respectively.

At December 31, 2012 and 2011, the Company did not hold any certificates of deposit from a public entity collateralized by letters of credit issued by the Federal Home Loan Bank. At December 31, 2012 and 2011, the Company did not have any securities pledged to collateralize certificates of deposit from a public entity.

At December 31, 2012 and 2011, the Company held $11.4 million and $5.1 million, respectively, in deposits for related parties, including directors, executive officer, and their affiliates.